Lamar Advertising Company Prices Private Offering of Senior Notes

Lamar Advertising Company (Nasdaq: LAMR) announced today that its wholly owned subsidiary, Lamar Media Corp., has agreed to sell $510 million in aggregate principal amount of 5 3/8% Senior Notes due 2024 (the “Notes”) through an institutional private placement. The proceeds, after the payment of fees and expenses, to Lamar Media of this offering are expected to be approximately $502.3 million. Subject to customary closing conditions, the closing of this offering is expected on or about January 10, 2014.

Lamar Advertising Company (Nasdaq: LAMR) announced today that it is seeking to raise approximately $510 million through an institutional private placement of senior notes due 2024 (the “Notes”) by its wholly owned subsidiary, Lamar Media Corp.